The national debt
A. is increased by budget surpluses.
B. is the value of the government’s indebtedness at a moment in time.
C. exceeded $20 trillion in 2014.
D. all of the above are correct.
Answer: B
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When the Federal Reserve System was first established, its founders intended the Fed to
a. assist the Treasury in collecting taxes. b. be primarily responsible for government regulations. c. pursue an active monetary policy to stabilize the economy. d. provide protection against financial panics by acting as the lender of last resort.
You put money in the bank. The increase in the dollar value of your savings
a. and the change in the number of goods you can buy with your savings are both nominal variables. b. and the change in the number of goods you can buy with your savings are both real variables. c. is a nominal variable, but the change in the number of goods you can buy with your savings is a real variable. d. is a real variable, but the change in the number of goods you buy with your savings is a nominal variable.
A private equity firm is a group of investors that buys up the publicly traded stock of a large corporation and then takes the corporation private
Indicate whether the statement is true or false
Payroll taxes are a major financing tool at the federal level.
A. True B. False C. Uncertain